Fiserv Extends Check ClearingNetwork
BROOKFIELD, Wis. - (07/19/06) Fiserv said Tuesday it hasextended the nations largest check-clearing network to theNortheastern part of the U.S. through an agreement withBankers Bank Northeast as a settlement partner. The dealwill make Bankers Bank the settlement bank forFiservs item processing centers throughout New England. Inorder to facilitate clearing through the Federal Reserve system,Fiserv needs a bank certified by the Fed to provide thesettlements. Fiserv is the largest third-party check processor inNorth America, handling more than four billion checks for more than1,6000 clients a year. The company operates more than 50check-processing centers across the country.